The Employees’ Provident Fund Organization (EPFO) and the Employees’ Pension Scheme 1995 (EPS-95) play a significant role in providing social security for employees in India after their retirement in 2025. In this year, several changes could almost be made in the schemes, creating a better impact for millions of pensioners. This article gives current updates on EPFO Pension 2025 and what it stands for as well as the procedure to apply.
The EPFO Pension Scheme serves as a social security scheme related to the provision of pensions to organized sector employees on retirement. Both employees and employers contribute to this scheme. This scheme is administered by the Employees’ Provident Fund Organization (EPFO). Pensioners under EPS-95 today get very little pension that is not very helpful for living expenses. Government is now considering increasing the amount of this pension for the benefit of pensioners.
EPFO And EPS Of 95 Pension 2025
For a considerable time now, the EPS-95 National Struggle Committee (NAC) is raising its voice for pension reforms for private sector employees. The committee constitutes about 78 lakh retired pensioners and 7.5 crore employees belonging to different industries. Included in their main demands are:
- Minimum amount of Rs 7,500 as monthly pension.
- Dearness Allowance (DA) should be included.
- Comprehensive medical coverage for EPS members and their spouses.
EPFO Increased Pension Benefit
The Employees’ Provident Fund Organisation (EPFO) has generated 21,885 pension payment orders and issued demand notice to an aggregate of 1.65 lakh eligible members for making additional deposits to avail of a higher pension benefit under the Employees’ Pension Scheme (EPS-95). This information was provided by the Minister of State for Labour and Employment Shobha Karandlaje in Parliament. The figures are part of 17.48 lakh applications submitted by EPFO members seeking higher pension benefits under the EPS-95.
What Are The EPS Rules On Pension Eligibility?
According to the Employees’ Pension Scheme, a pension under EPS is available if one has completed 10 years of his service. “All political parties, whether in power or in opposition, have a big responsibility to ensure a pension of at least Rs 7500 per month,” Virendra Singh, National General Secretary of the Committee, added. “And along with this, Dearness Allowance and free medical aid should also be provided, so that the old can spend the remainder of their life with dignity.”
What Is The Difference Between EPF And EPS-95?
There are two government schemes for retirement benefits, namely the EPF & Miscellaneous Provisions Act, 1952, which runs both under EPF and EPS. And in EPS, employee has no contribution for the pension employee is entitled to getting. Now the members of EPS-95 National Agitation Committee have finally decided to hold the big dharna on 31st July at Jantar Mantar regarding their demands not being listened to by the government.
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